Thursday, 5 January 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 5 JANUARY 2017

Aluminium trading range for the day is 114.1-115.9. Aluminium prices dropped tracking LME prices which touched its lowest in more than two months at $1,676 despite of strong manufacturing data from China. China's factory activity picked up more than expected in December as demand accelerated, with output reaching a near six-year high. Technically market is under fresh selling as market has witnessed gain in open interest by 5.62% to settle at 1692.